Radix: Pioneer The Future Of DeFi

What Is Decentralization?

When you deposit your savings in a bank, the banks manage your money on your behalf and say that they store them in their safe. You will only see a few numbers on the screen instead of your savings. You never know if that money is in the safe of the bank. Other cryptocurrencies like Bitcoin and ethereum have partially solved this problem. As you know, Bitcoin has emerged to prevent the central decisions taken by the states from affecting everyone by replacing fiat money, which are used in daily life and central states. Today, it has turned into a value storage tool against inflation by moving away from being used in daily life shopping transactions. While Bitcoin replaces fiat money, the DeFi concept was introduced to complete the missing parts in the system (banks, financial institutions).

DeFi is a blockchain-based technology that will assume the function of banks or all other financial institutions we use in daily life. It enables all kinds of agents and administrators to be removed from the system. Remember the example of the central exchange I gave above, in decentralized exchanges, your savings are always in your own wallet. No one but you can access them.

What Are The Benefits Of Decentralized Finance?

Decentralized money uses three main standards from the Ethereum blockchain to unlock liquidity and development, enhance monetary security and candor, and support an integrated and normalized financial framework.

• Programmability: Smart deals that can be programmed extraordinarily, mechanize the implementation and empower the production of instruments related to new money and sophisticated resources.
• Immutability: Sealed information coordination over blockchain decentralized design expands security and auditability.
• Interoperability: The Ethereum composite programming stack ensures that the DeFi conventions and applications work to coordinate and complement each other.

Radix Offering Solution

To this end, Radix chose Copper as its monitoring partner for Radix Wrapping Service. Copper's custody platform offers an expanding range of tokenized assets with the highest standard of security and insurance. This allows Radix to have a Radix compatible version of all current and future tokens, thus connecting with the most significant number of blockchains.

Additionally, Copper's compliance standard gives Radix the right to offer special services for organizations using Radix-wrapped tokens in custody wallet and exchange trading services. When the Radix mainnet starts, the Copper Radix ERC-20 token will automatically ensure that all ERC-20 tokens on the Ethereum network are packaged versions of the native Radix token. This will allow Radix token holders to use the services of the Ethereum DeFi ecosystem.

To seamlessly integrate Ethereum into the Radix platform, Radix formed a partnership with the Ren Alliance, a consortium of DeFi firms, to bring cross-chain assets to the Ethereum network. Its core product, RenVM, will support Radix to deliver completely decentralized packaging solutions. The basic Ren protocol allows automatic generation of the token while local entities are locked in their respective public ledgers without central control.

Radix Emphasis on 3 Mechanism of DeFi Growth

Access: Despite the rapid growth of crypto, it is surprisingly difficult and expensive to get money into and out of the current DeFi ecosystem.Our user-centric, vertically integrated approach is focused on making on/off ramping as simple, secure and friction-free as possible.

Liquidity: Liquidity is the lifeblood of the global economy, yet right now most of the world’s tokens and assets have their limited liquidity fragmented across platforms and do not work well together.The Radix platform provides native functionality for projects, developers, communities and market makers to create and access liquidity pools at the call of an API.

Choice: Network effects of a public ledger are based on both the number of users and the number of connections between assets/applications on the platform. By standardizing and simplifying the way financial assets/products are represented on Radix, these asset “code blocks” can be easily composed together at scale.

Radix Token (XRD)

This token is meant to serve the intended use in RADIX network as a token to be used for making payments or for getting one service or the other. It is actually a non-renewable token and is represented with XRD. It is use to secure the platform and to make sure the plans of the team is executed when it is used as a token in the ecosystem. The RAD ledger uses the token for making payments, getting services and to maintain the ecosystem to make all users free and able to interact with one another.

For every operations done on the network, the users will have to pay fees with the RADIX token which is the acceptable way to facilitate such operations and to define the real protocol of the system. It is however not possible to be a user and not use RADIX

Why Do you Choose Radix?

One of the main features of the Radix network is Developer Royalty programs. This is a self-promoted, decentralized system that offers developers continuous streams of revenue on the automated ledger to code for DeFi development in the Radix ecosystem.

Unlike the others, Radix's approach to income is different. Unlike the finite fund or diminishing earnings potential on other platforms, this revenue grows with the Radix ecosystem for both early developers and later users. Another important feature is that this self-promoting developer ecosystem is integrated with the decentralized network protocol.

This is possible because it uses a Component model instead of going the smart contract route at the heart of Radix. While "components" are reliable, their capabilities are based on specific action or function and offer an intuitive approach like various finance building block primitives. All Components created are like templates that are first added to a repository (called the Component Catalog) and then called up and customized according to user needs. Hence, this strategy provides internal modularity that is added and layered.

Radix allows developers to set royalties automatically paid each time a DeFi platform is developed or sampled Components. Radix enables developers to set different revenue prices for each method, as components can be directly, sampled or imported from the catalog. This gives developers the freedom to act on their preferences.

These payments are similar to gas or node runner fees, i.e. made on a per transaction usage basis and on the ledger. This creates a feedback loop to heal itself. The more well-functioning and useful component encoders create for incentives, the more they are used. This increases revenue which will encourage developers to build better Components and thus attract more royalty income.

How Can You Buy Radix Token

The Radix token sale opens on October 8th, 2020 at 18:00 UTC and will run until all tokens are sold out, or until October 22nd, 2020 at 18:00 UTC.

Here is the Link: https://radixtokens.com/

• A maximum of 642m RADIX tokens will be made available to purchase. Allocations will be reserved on a first-to-send funds basis. Funds must be sent as either USDC or ETH. Completion of purchase is dependent on clearing AML/KYC.
• FUNDS MAY ONLY BE SENT VIA THE RADIX TOKEN SALE PORTAL. DO NOT SEND FUNDS FROM AN EXCHANGE ADDRESS.
• All terms and conditions of sale, risk notices and information on the sales process, KYC/AML etc. will be provided when potential purchasers register their interests on the RADIX TOKEN SALE PORTAL.

Ending.......

RADIX innovation will have all assets and products useful in the blockchain standardized and very simple such that they can all be represented using code blocks and can be made to function together with no limitations. The assets and products on RADIX will be made accessible and will invite more users to enlarge the ecosystem. As that happens, the system will increase in its capacity and more liquidity will be introduced. DeFi is experiencing exponential growth, and rightfully so. To facilitate this growth, DeFi needs to be built on a protocol that enables fast and secure development of commercially viable applications, at scale, while maintaining composability. Individually those challenges are hard to overcome, combined, even more so. That is why we believe Radix is the only solution that ticks all the boxes.

For More Information , Please visit ...........

Radix DLT Website: https://www.radixdlt.com/

Radix DLT Medium Page: https://medium.com/@radixdlt

Radix DLT Official Telegram: https://t.me/radix_dlt

Radix DLT Official Twitter: https://twitter.com/RadixDLT

Radix DLT Whitepaper: https://www.radixdlt.com/#white_papers

Radix DLT Official Facebook: https://www.facebook.com/RadixDLT/

Writer Details

Bitcointalk Name : Christina Rossetti

Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=277386

My ether address : 0xcd01fcff826ebceb4ca2b973f6c6dc253e4adabd